eBay: quarterly figures better than expected

The trading platform eBay has its quarterly figures announced. The company just surpassed the estimates of the experts. It did so thanks to the e-commerce company’s focus on selling luxury products, which cushioned the impact of slowing consumer spending and weakness in some European markets. Nevertheless, eBay is also feeling the end of corona restrictions, which were particularly driving online trade. In the second quarter, sales of the online trading platform fell by 9 percent year-on-year to 2.36 billion euros. 522 million euros is the sum that the company showed as a bottom line as a minus – according to eBay, this is primarily due to changes in the market value of the equity investments. According to eBay, there are 138 million active buyers worldwide – down 12% from the same quarter last year.

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